Latest News

Latest news

Jupiter's Alexander Darwall to launch own fund business

Jupiter European fund manager Alexander Darwall is to leave Jupiter on 1 October 2019 and set up his own fund group, Devon Equity Management.

In a statement to the stock market, Jupiter said it has been in talks with the manager of the Jupiter European fund and Jupiter European Opportunities investment trust about his future plans.

"Alexander has told the company that he would like to fulfil a long-held ambition to launch a small investment management business," it said.

Jupiter added that Darwall had agreed not to compete with Jupiter's open-ended funds for a period of two years.

The board of the Jupiter European Opportunities trust said it had "decided to investigate the possibility of appointing Devon to advise on its investment portfolio and has instructed its professional advisers to assist in a due diligence exercise and to consult with its shareholders.

"The board is in negotiations with Jupiter regarding the ongoing management arrangements and investment management contract."

Mark Nichols from Columbia Threadneedle has joined Jupiter to take over the running of Darwall's £5.1 billion Jupiter European and £2.4 billion Luxemboug-based Jupiter European Growth funds.

- uploaded - 27 August 2019

See more archived news

Go back to our archived latest news section.

Go back

Back to top

Elson Associates does not offer advice as to the suitability of investments. If you are unsure whether an investment is suitable for you, you should obtain expert advice. Past performance of an investment is not necessarily a guide to its performance in the future. The value of investments or income from them may go down as well as up. You may not necessarily get back the amount you invested.

Elson Associates plc, 5 Queen Street, Kings Hill, West Malling, Kent, ME19 4DA | Freephone: 0800 0961111

Authorised and Regulated by the Financial Conduct Authority

Registered in England No. 3595128